The above figures show the market for hamburger meat. Which figure shows the effect when more farmers decide to raise cows that are processed into hamburger meat?

A) Figure A
B) Figure B
C) Figure C
D) Figure D

D

Economics

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The figure above illustrates the marginal private cost and the marginal social cost to the city of Seattle for each rock concert that is offered. Suppose the marginal private cost of the 5th concert is $10,000. Then, for the 5th concert, the

A) marginal external cost equals $30,000. B) marginal social cost equals $30,000. C) marginal external cost equals the marginal private cost. D) marginal external cost equals $40,000. E) marginal external cost equals $10,000.

Economics

If the popular television show The Bachelor is shown on pay-per-view television every Monday at 9pm, then the demand curve for each episode is given below.If the regulated pay-per-view charge is decreased from $20 to $0 per household, what would be the gain in total economic surplus?

A. $320 million B. $4,000 million C. $720 million D. $1,280 million

Economics